Advanced Placement (AP)
Advanced Placement (AP), 11.05.2021 14:00, joel53

Journalise the following transactions and post them into Ledger and prepare the Trial Balance for Fatmatu Enterprise: 2020

September 1 Started business with $ 50,000, out of which pad into Bank $. 20,000.

September 2 Bought furniture for $. 5,000 and machinery for $. 10,000.

September 3 Purchased goods for $. 14,000.

September 6 Sold goods for $. 8,000.

September 8 Purchased goods from Malhotra and Co. $.11,000.

September 10 Paid telephone rent for the year by cheque $.500.

September 11 Bought one typewriter for $. 2,100 from Universal Typewriter Co. on credit.

September 15 Sold goods to Keshav Ram for $. 12,000.

September 17 Sold goods to Rajesh Kumar for $. 2,000 for cash.

September 19 Amount withdrawn from bank for personal use $. 1,500.

September 21 Received cash from Keshav Ram $. 11,900, discount allowed $.100.

September 22 Paid into bank $. 5,800.

September 23 Bought 50 shares in X Y and Co. Ltd at $. 60 per share, brokerage paid $. 20.

September 25 Goods worth $. 1,000 found defective were returned to Malhotra and Co. and the balance of the amount due to them settled by issuing a cheque in their favour.

September 28 Sold 20 shares of X Y and Co. Ltd. at $. 65 per share, brokerage paid $. 20.

September 28 Brought goods worth $. 2,100 from Ramesh and supplied them to Suresh at $. 3,000.

September 30 Suresh returned goods worth $. 100, which in turn were sent to Ramesh.

September 30 Issued a cheque for $. 1,000 in favour of the landlord for rent for September.

September 30 Paid salaries to staff $. 1,500 and received from travelling salesman

September 30 $. 2,000 for goods sold by him, after deducting the travelling expenses $. 100.

September 30 Paid for: Charity $. 101 Stationary $. 450 Postage $. 249


Journalise the following transactions and post them into Ledger and prepare the Trial Balance for F

answer
Answers: 2

Other questions on the subject: Advanced Placement (AP)

image
Advanced Placement (AP), 24.06.2019 16:00, douglastheboy
The biome pictured above is found in areas such as kenya and south africa. the land is grass-covered with very few trees and gazelles and other grazers are common here. why does this biome have a low population of trees? a) large grazing animals destroy the trees. b) it is a deforested rainforest with poor soil. c) it has high temperatures and low precipitation. d) it has a long rainy season followed by flooding.
Answers: 1
image
Advanced Placement (AP), 24.06.2019 19:00, nsg0686
Melissa is fearful of men and refuses to go on dates. her therapist suggests that she is fearful because she was sexually abused when she was young. the therapist's suggestion most clearly reflects a perspective. a.) humanistic b.) behavioralc.) biological d.) psychoanalytice.) sociocultural
Answers: 1
image
Advanced Placement (AP), 25.06.2019 00:00, cesargonzaleztovar60
Carlos is looking at a picture of a convergent boundary on which a volcanic arc and a trench are identified. which type of convergent boundary is carlos looking st?
Answers: 2
image
Advanced Placement (AP), 25.06.2019 01:30, caitybugking
General ways to reduce the risk of some action include
Answers: 1
Do you know the correct answer?
Journalise the following transactions and post them into Ledger and prepare the Trial Balance for Fa...

Questions in other subjects:

Konu
Mathematics, 21.05.2021 01:00
Konu
Mathematics, 21.05.2021 01:00